Shares of MYL have weakened after a 3Q:16 miss and muted outlook for 2017-2018. Management indicated that its bottom line would grow in the "low teens" in 2017-2018 and additional tuck-in deals would be required to hit its 2018 $6.00 EPS target. Management also noted that it would undertake a large restructuring program that could drive additional OpEx efficiencies.

The analyst reiterated her Buy rating but cut her PT to $47 from $49 due to lower revenue estimates, partially offset by improved operating margins.

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